In the outside markets, the NYMEX crude oil is $0.90 per barrel higher, the dollar is lower and the Dow Jones Industrials are 9 points lower.

One analyst says, "Today's trade was some follow-through buying tied to the wheat export ban talk out of Russia and Ukraine."Plus, the corn and soybean trading patterns were as much about the Informa crop estimates as anything else today," he says.Harvest is coming and underway in many areas, and the buy side of the market has backed away, he says. "That is why we were a bit lower in the early trade, but once the Informa estimates came out they were called bullish by the trade and we recovered. The dollar weakness was not all that important today," he says. Late in the day, some spec-selling and perhaps a little commercial pre- hedging occurred, before the weekend. "Overall, I doubt we do much until Wednesday. But, unless USDA comes out bullish, we may have seen some highs for a while."

Mike

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At 12:30pm:

Informa, the private analyst firm, updated its U.S. crop production estimates Friday:

Trackers:Overnight grain, soybean markets=Trading mostly higher.Crude Oil=$0.10 per barrel lower. Dollar=Lower. Wall Street=Seen opening higher, as the world markets are liking the European Central Bank President's announcement of a bond-buying program for the debt of eurozone countries. Up next, U.S. Jobs Report Friday.

Re: Floor Talk September 7

Harvest time and the market is still firm. I think this bodes well for 2-3 weeks from now. But if the bull starts running, I will stay on the sideline. http://www.youtube.com/embed/2h-WhhqFjv4?feature=player Mike, if you can figure out why somebody run with the bulls? Please tell me why. I ran from my herd bulls, and I was scared.

Re: Floor Talk September 7

Soybeans just got up off the deck in a big way. Looking to buy Nov @1750. Last year the beans collapsed $2 in September. It tends to make a low in October, but who knows what's going to happen this year.